Calculator Problem – 08/29/2011

How much would you need to earn on a monthly investment of $718.08 in order to have
$44,669.85 in five years?

(The answer will be posted with the new calculator problem in 2 weeks. Or if you can’t wait that long, you can go to http://www.facebook.com/pages/Gary-Johnston-Seminars/111368472221424 for the answer.)

Answer to 08/15/2011 problem:

(N=144,I=4.75,PV=50,000,FV=0) PMT= – 456.20